What is the Youth Monthly Rent Special Support? The government is offering temporary support to help ease the burden of rent and other financial burdens on countless young people struggling due to COVID-19. Check if you qualify and apply now!
Special support for youth monthly rent
Among those of you who are reading this article, you are a young person between the ages of 19 and 34 who lives alone and does not own a home. Youth independent householdsIf your income is below the median income of 60%, original furniture We will support young people whose income is below the median income of 100%.
Youth independent households
A household consisting of a young person, their spouse, direct descendants, and other family members under civil law residing at the same address
original furniture
A household consisting of a young independent household and direct blood relatives (father and mother) within the first degree of kinship
Selection criteria for special support for youth monthly rent
1) Criteria for calculating the income/asset valuation of young independent households
- For those with a median income of 60% or less
- The income assessment amount is the amount obtained by subtracting the deduction for earned/business income from earned income, business income, property income, and public transfer income.
- In the case where the general property and automobiles of a young independent household are all met with the following criteria:
- Total property value (170 million won or less) is the sum of general property value and automobile value, excluding debt.
2) Standards for calculating the original household income/asset valuation amount
- In the case of a young person's household whose income is assessed as being below the median income of 100%
- The income assessment amount is the remainder after deducting the income/business income deduction from earned income, business income, property income, and public transfer income.
- If the youth household meets all of the following criteria regarding general assets and assets such as automobiles:
- The amount calculated by subtracting debt from the total property value (KRW 380 million or less) and the value of general property and automobiles (however, only debt for the purpose of securing a deposit for purchasing or renting a house is recognized)
Details of the special temporary youth monthly rent support grant
For young people who are paying monthly rent, the actual rent paid will be divided and supported for up to 12 months, up to a maximum of 2.4 million won (up to 200,000 won per month).
Things to check
1) Even if the period of receipt is not continuous during the vacation period, support will be provided for 12 months within the payment period.
2) Support is provided within the range of the actual monthly rent paid, excluding rental deposits, management fees, etc.
3) Only the amount after deducting the monthly rent (including the separate payment amount for youth housing benefits) from the housing benefit amount is supported.
How to Apply for the 2023 Youth Monthly Rent Temporary Special Support Grant
How to apply
The youth must visit the local community center in their jurisdiction or Bokjiro (bokjiro.go.kr)You can apply online at
However, if you wish to apply for a visit, the principle is that the young person himself/herself should apply, but in unavoidable cases, deputyApplications are also possible, and in such cases, the monthly rent will be paid into the young person's account.
deputy
Legal representative, same household member (excluding cohabitants) according to resident registration, spouse who is not a member of the same household, and direct ascendants and descendants
However, deposits into seizure-prevention accounts are not permitted!
